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  • It Can Only Get Better For ArcelorMittal [View article]
    I agree with what the author is saying. Due to its geographic diversity and vertical integration, MT has synergies other steel producers can only dream of. MT also spends considerably on research and development that will pay of in newer innovative grades and products. They have done a lot of work on cost cutting, rationalizing and streamlining their operations which will pay off once raw material prices stabilize. IMO its the steel stock with the most potential over the medium to long term. Long MT
    May 9, 2015. 11:30 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Where's The Value These Days? [View article]
    A much higher percentage of electricity is generated from coal in America than in Canada. Short of that you are right.
    May 7, 2015. 10:31 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Where's The Value These Days? [View article]
    The big difference is that the oil companies probably added something like 3.7 trillion worth of economic value to the economy making 37 billion peanuts. The green industries on the other hand have been doing nothing other than sucking more than they get out of the economy.
    May 7, 2015. 10:27 PM | 1 Like Like |Link to Comment
  • Is The Tesla Powerwall Battery Hype Justified? [View article]
    Its a good idea to bury the cables. I looked after a 13.8 KV distribution system which was all underground and was very reliable. It cost more money up front but increased reliability and longer life more than made up for the additional costs. Our competitors took the cheaper above ground route and had a lot more problems than we did.
    May 7, 2015. 10:18 PM | Likes Like |Link to Comment
  • What Elon Musk Is Really Selling [View article]
    What is Elon selling you ask???? Why its cool fluff that will go poof!!!! Its not so much the concept , but once they solve the battery issue (and that is still a big big issue) and it goes mainstream all the other manufacturers will be joining the party and Tesla will get blown out of the water. --Its just business!
    May 7, 2015. 09:50 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Global Markets In Retreat [View article]
    The problem is lack of quality employment opportunities for people. Increasing the minimum wage does nothing to address this problem. What it does do is lower the number of available jobs (those employing people at minimum wage will lay off), lower everyone else s standard of living (those earning above minimum wage will not get a raise just because minimum wage went up but they will have to pay more for what they buy).
    When you have an economy that is producing the right kind of jobs, most people are not forced to try earning a living on minimum wage jobs which were traditionally filled by students and those looking to add a second income to the family income stream.
    What the current situation tells you is that more and more of America is moving from first world status to second world status. Increasing minimum wage is not the answer as in the end it does not increase standards of living and actually lowers them for many who will have to pay more but will not be getting a raise.
    May 7, 2015. 08:14 AM | 19 Likes Like |Link to Comment
  • Is The Tesla Powerwall Battery Hype Justified? [View article]
    Once they get to a system that is economic - lets say less than 10 years payback, then life of system becomes very important. Once you have recovered your cost of capital, you are producing almost free energy and so a 20 year warranty would be very important as for those additional 10 years you would be producing almost free energy and when you are getting something for free, you do not need the latest and the greatest to produce it. its money in your pocket!!
    May 5, 2015. 10:14 AM | Likes Like |Link to Comment
  • Is The Tesla Powerwall Battery Hype Justified? [View article]
    For Walmart and Amazon, its good PR and not much else. Costs have to drop considerably before this makes economic sense for any one. The exception is if you are miles from any power line or natural gas supply - then what choice do you have?? ;-)
    May 4, 2015. 10:30 AM | 4 Likes Like |Link to Comment
  • Is The Tesla Powerwall Battery Hype Justified? [View article]
    Some numbers plus my opinion for you:

    Powerwall is available in 10kWh, optimized for backup applications or 7kWh optimized for daily use applications. Both can be connected with solar or grid and both can provide backup power. The 10kWh Powerwall is optimized to provide backup when the grid goes down, providing power for your home when you need it most. When paired with solar power, the 7kWh Powerwall can be used in daily cycling to extend the environmental and cost benefits of solar into the night when sunlight is unavailable.

    Tesla’s selling price to installers is $3500 for 10kWh and $3000 for 7kWh. (Price excludes inverter and installation.) Deliveries begin in late Summer.

    Powerwall specs:

    Mounting: Wall Mounted Indoor/Outdoor
    Inverter: Pairs with growing list of inverters
    Energy: 7 kWh or 10 kWh
    Continuous Power: 2 kW
    Peak Power: 3.3 kW
    Round Trip Efficiency: >92%
    Operating Temperature Range: -20C (-4F) to 43C (110F)
    Warranty: 10 years
    Dimensions: H: 1300mm W: 860mm D:180mm

    From the misleading press releases/ reports, I was initially excited as it looked like it had a lot of potential. Based on the releases/ reports you would think you could get a 10 KW battery plus inverter and hardware for $3500. Far from the truth!!, Reality is that all it is is a beginning and much improvement is needed before it has potential for most consumers. 2KW continuous is about 18 amps at 120 volts - not very much (you need twice that to run a 1.5 ton air conditioner - cool a small house) and the same to heat it. $3500 in reality is $7500 or more when you add the required hardware/ wire and switches and on top of this you need to buy solar cells.
    For this battery to have been a game changer, capacity needs to at least double, price needs to be half and 10 year warranty also needs to move to 20 years.

    A start but a way to go JMO.
    May 4, 2015. 10:16 AM | 11 Likes Like |Link to Comment
  • The Silliness Of Tesla's 10kWh Back-Up Battery [View article]
    They are something like 5 generations away from having a useful product for most people. As it sits its an economic non starter that will be bought by those who like the "fluff" in your post. A nice hobby and conversation piece about sums it up! ;-)
    May 4, 2015. 09:42 AM | 1 Like Like |Link to Comment
  • The Silliness Of Tesla's 10kWh Back-Up Battery [View article]
    If you could truly get 10 kw out of it, you would have to watch what you were doing but would be OK. The problem is that it is only good for 2kw continuously and only for 5 hours. Your typical 100 amp house service is around 24 kw (maximum capacity) and no one runs at maximum, so take it from there.
    May 4, 2015. 09:37 AM | Likes Like |Link to Comment
  • The Silliness Of Tesla's 10kWh Back-Up Battery [View article]
    Price has to go down by 50% and capacity has to go up by 100% - then it would start to make sense.
    May 4, 2015. 09:32 AM | 2 Likes Like |Link to Comment
  • The Silliness Of Tesla's 10kWh Back-Up Battery [View article]
    Well SS - Here are the specs right out of the link you provide:

    Powerwall is available in 10kWh, optimized for backup applications or 7kWh optimized for daily use applications. Both can be connected with solar or grid and both can provide backup power. The 10kWh Powerwall is optimized to provide backup when the grid goes down, providing power for your home when you need it most. When paired with solar power, the 7kWh Powerwall can be used in daily cycling to extend the environmental and cost benefits of solar into the night when sunlight is unavailable.

    Tesla’s selling price to installers is $3500 for 10kWh and $3000 for 7kWh. (Price excludes inverter and installation.) Deliveries begin in late Summer.

    Powerwall specs:

    Mounting: Wall Mounted Indoor/Outdoor
    Inverter: Pairs with growing list of inverters
    Energy: 7 kWh or 10 kWh
    Continuous Power: 2 kW
    Peak Power: 3.3 kW
    Round Trip Efficiency: >92%
    Operating Temperature Range: -20C (-4F) to 43C (110F)
    Warranty: 10 years
    Dimensions: H: 1300mm W: 860mm D:180mm

    What errors and omissions are you talking about??? From the misleading press releases/ reports, I was initially excited as it looked like it had a lot of potential. Based on the releases/ reports you would think you could get a 10 KW battery plus inverter and hardware for $3500. Far from the truth!!, Reality is that all it is is a beginning and much improvement is needed before it has potential for most consumers. 2KW continuous is about 18 amps at 120 volts - not very much (you need twice that to run a 1.5 ton air conditioner - cool a small house) and the same to heat it. $3500 in reality is $7500 or more.
    Yawn - wake me up when they get real!!!!
    May 4, 2015. 09:28 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Chinese Factory Activity Slides To 12-Month Low [View article]
    With respect to "The U.S.'s two largest food distributors, Sysco (NYSE:SYY) and U.S. Foods, and the Federal Trade Commission squaring off in Federal court" IMO their is definitely something funny going on with food prices in America. For example, why is food so much cheaper in the Buffalo NY area than a lot of Florida? Especially so when a lot of what gets sold for cheaper in Buffalo gets grown in Florida.Go figure!!!
    May 4, 2015. 09:09 AM | 6 Likes Like |Link to Comment
  • Cenovus Energy: Selling Royalty Lands - Necessity And Opportunity [View article]
    With respect to the money raised through the share issue being used for capital expenditures and not bringing in additional value through an acquisition, I do not see what the issue is here. They are spending most of the money on finishing projects that will substantially increase production and so the money will be well spent. The alternative was to increase debt and the share issue IMO gave them better flexibility. Any acquisition would also be measured in production added and better a capital spend on what they know than what they do not know.
    As for production disruptions, CVE oil sands production is all from SAGD verses the more trouble prone mining type operations and so the risk is a lot less than with companies like Canadian Oil Sands.
    With respect to the 500 million Foreign currency write down, the Canadian dollar spent most of the last quarter at 80 cents or less and has recently strengthened to 83 cents and so the next quarter may actually bring a positive here. Cenovus would be much better of if it converted its debit to Canadian dollars as much as possible as the movement of the Canadian dollar tends to provide relief during low oil prices and it would take foriegn currency out of the equation for CVE. That's another story as foriegn currency tends to be a double edged sword.
    As for production costs, CVE are among the lowest in the industry and once the capital costs are mostly out of the equation (which they can be once the 2 projects they are working on is complete) then they have long life reserves that can produce at very sustainable levels with minimal capital costs. Once the Capital is spent, SAGD operations have low operating costs typically under $30 per barrel.
    They are in a good position to ride out low oil prices should they persist after 2015 as they will be in a position to minimize capital spending while reaping the benefits of increased production of the 2 newly completed projects.
    Selling royalty lands would IMO just be a bonus that you will not see happen unless they get a good price for them. They have lots of options here including promoting more activity and some partnerships. An out right sale is not a necessity.

    JMO - Long CVE
    May 3, 2015. 11:29 AM | 1 Like Like |Link to Comment
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